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The short answer is yes, but for a small service fee. If your landlord or property manager accepts credit card payments for rent, you’re lucky because you likely won’t incur a ton of fees. You ...
That fee means paying $29.90 for a $1,000 rent payment, which likely means you’re unlikely to come out ahead in terms of earning credit card rewards on that payment.
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The processing fee can average between 2.5% and 5% and can quickly add up. For instance, a 2.5% fee on a $2,000 rent can tack on an extra $50 each time you use your credit card to pay your monthly ...
Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut, United States. The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries, and FDIC-insured consumer savings products, through Synchrony Bank, its wholly owned online bank subsidiary.
The Act contains a provision that limits the first year annual fee for a credit card to 25% of the credit limit. Credit card issuers are still able to charge certain additional fees, such as "setup fees" or "program fees." The Act also restricts the fees that can be charged for gift cards and other prepaid cards.
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